NEW YORK -- The "general fall of Nasdaq stocks" and the April 15
tax filing deadline are responsible for Nasdaq-traded niche
operator Commodore Cruise Line's sharp stock plunge since the
beginning of 2000, said Jeffrey Binder, chairman.
Commodore traded at more than $7 per share last summer but is
now down to about $2.50 per share. "The fundamentals of our
business are on target," said Binder. "There is no reason for the
drop in our share price. We're ending our fourth year as a public
company and [are] just now hitting our stride."
Commodore will launch Bermuda-bound itineraries for its new
upscale brand, Crown Cruise Line, in May.